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Deeds are used to transfer property, with three common types being general warranty, special warranty, and quit claim deeds. Deeds transfer ownership from a grantor to a grantee, establishing legal ownership (title). General warranty deeds offer the most protection to buyers, with the seller guaranteeing clean title and authority to sell the property. Special warranty deeds offer limited protection, while quit claim deeds offer no guarantees. Understanding the differences between these deed types is crucial in real estate transactions.